PayPal is said to be in the process of bying Curv, a technology firm that controls safe stockpiling of crypto currency, as indicated by three sources that are familiar with the situation.
Israeli media source Calcalist announced on Tuesday, without revealing the name of the buyer, that Curv was being sold for between $200 million and $300 million.
PayPal is purchasing Curv for $500 million, a source told Coindesk on Monday. “From where I’m hearing it, I’m pretty sure it’s true”, the source added.
A few people in the digital money space have said that PayPal turned its attention to Curv after converses with purchase crypto authority and exchanging firm, BitGo, fell though a year ago. $750 million cash were offered by PayPal for BitGo, two sources that are familiar with it, told Ciondesk. Curv refused to comment and also did PayPal.
“PayPal now wants to own something in crypto, having made acquisitions in the past with Venmo”.
Curv has already raised over $30 million to this day. PayPal has partnered with Paxos in order to offer direct purchases of cryptos, for the million U.S users. It was also said that UK users will be provided this service soon, as well.